Uniswap has become the first decentralized exchange exchange with a daily trading volume of more than $ 1 billion

A splash of activity in the field of pharmacy of income (Yield Farming) due to protocols of decentralized finances led to the fact that Uniswap became the first DEX, the trade volume of which has exceeded $ 1 billion per day.

According to the COingEcko aggregator, currently the daily trading volume of ERC-20 tokens on the platform is $ 1.02 billion, which is the third largest indicator among all the current cryptoch. Uniswap V2 is inferior only to Binance and Okex with $ 6.25 billion and $ 1.1 billion, respectively.

In addition to the fact that the decentralized Exchange was ahead of the popular Centralized platforms Huobi and Bitfinex, it also became the leading DEFI protocol with the asset as a sum of $ 1.77 billion asset, this impressive fund is 18.05% of the total value. Funds blocked in the protocols of decentralized finances.

Despite the current success, experts predict that Uniswap will not be able to hold the leading position for a long time due to aggressive actions of competitors. As an example, they lead the Fork Sushiswap, which has already attracted $ 1.47 billion to its platform due to the strategy of «vampirism», pumping liquidity and luring the holders of competitors tokens. Similar methods also use Yuno.Finance, HotdogSwap, Pizzafinance and others.

The increased activity of users is carried out to the overload of the network and increasing the commission for the Etheric transaction to $ 16, which makes small transactions unfavorable.

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